TEL AVIV, Feb 17 (Reuters) - Medtronic Inc (MDT.N), the world’s largest stand-alone maker of medical devices, is planning to buy Israeli start-up Ventor for $325 million in cash, Israeli media reported on Tuesday.
Ventor, established in 2004, developed an aortic valve prosthesis that can be implanted on a beating heart without requiring open heart surgery.
According to TheMarker financial newspaper, the company has raised $20 million from venture capital funds and veteran medical device entrepreneur Shimon Eckhouse.
Officials at Ventor could not immediately be reached for comment.
A spokesman for Medtronic in Switzerland declined to comment on the report. (Reporting by Tova Cohen and Steven Scheer, editing by Will Waterman)